Some 138,099 domestic tourists were recorded in the third weekend of October, from Oct. 15 to 17, Minister of Tourism Thong Khon pointed out this morning. The figure represents a decrease by 43.46 percent compared to the previous weekend after Pchum Ben holiday, but if compared with the weekend before Pchum Ben break, it saw […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has reminded banks and financial institutions to deal only with online gaming businesses registered by authorized government agencies. BSP Deputy Governor Chuchi Fonacier said BSP-supervised financial institutions (BSFIs) should strictly observe the requirements on customer due diligence, ongoing monitoring, and reporting of suspicious transactions. The BSP […]
Read MoreMANILA, Philippines — The electronics sector, the country’s top exporter, is expected to sustain its growth momentum until next year even with global trade bottlenecks as economies recover. In its weekly economic preview, market intelligence firm IHS Markit said global demand for electronic products continues to witness strong rebound following a slump last year. The […]
Read MoreTourism operators anticipate lukewarm travel sentiment as concerns over Covid-19 and weak purchasing power remain key obstacles for domestic trips despite the subsidy generating an additional 2-million room nights. “Domestic tourism reached its peak last November, thanks to low infection rate and improving travel mood driven by many marketing campaigns and government stimulus schemes, but […]
Read MoreThe country still faces several obstacles to fully unlocking the benefits of digital technologies. Digital transformation can unlock VND1.7 trillion (US$74 billion) worth of annual economic value in Vietnam by 2030, equivalent to about 27% of the country’s GDP in 2020. It is the predication stated in the latest report “Unlocking Vietnam’s Digital Potential” conducted by […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) expects a shallower recovery for the Philippines in the second half due to the resurgence of COVID cases. Malhar Nabar, head of the World Economic Studies Division at IMF, told participants at the press briefing during the recently concluded Annual Meetings of the World Bank Group and […]
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Thailand
